In order to do that you have to know what they need.Research what that person wants and then utilize that information to magnetize the incentivized sellers that have the property type you're looking for and to find the tenants who want to live in that area.2.

Now if that house had an amazing view, backyard  etc. that made it stand out that is different but I am doing an apples to apples comparison.The 185,000 house the buyers would want to get for 170,000 because when they go through all that headache of moving and fixing the place up they want additional equity for their labor and time in addition to the raw materials costs to fix the place up.This key piece of information is generally lost on the sellers.I would get 2 or more additional estimates of the 6,200 to see if someone can do the same scope of work for a better price.

Personally while I use cap rates to compare apples to apples.

But we're in a more expensive market, so I think a more apples to apples comparison may be a property that rents for 600/unit and costs about 80K.

Check out David Lerner and his Apple REIT for all the gory details on how these sponsors fleece poor retirees out of their hard earned savings.

Has anyone just considered selling apples on a street corner?

Many kids go to magnet schools in the area.

I do not feel this is an apples to apples comparison.

Home office and tax preparer are apples and oranges in my mind.

But buying a commercial property isn't like buying an apple at the store, so I'll need to do some preparation to accomplish it.